Given the insufficiency of financial resources,all countries,particularly developing countries,must seek an adequate financial package to ensure economic growth and financing for their development.Faced with a steady ...Given the insufficiency of financial resources,all countries,particularly developing countries,must seek an adequate financial package to ensure economic growth and financing for their development.Faced with a steady decline in oil and gas revenues since 2014,Algeria has adopted a set of measures aimed at diversify-ing its economy so as to reduce its dependence on hydrocarbons,by undertaking budgetary and tax reform to support this new economic vision.These efforts have been consolidated by the establishment of an information exchange system and an international tax cooperation mechanism.Indeed,Algeria’s accession to the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)in 2019 and the Global Forum on Transparency and Exchange of Information for Tax Purposes in 2021,testifies to its desire for international cooperation for better mobilization of tax resources.展开更多
The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and commun...The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and communications have been used by MNEs to increase the scope of their operations and create global supply chains,while tax administrations try to use limited resources to apply the tax rules.The development of digital technology within government can help tax administrations to implement the latest international tax rules and monitor taxpayer activities more completely,improving domestic resource mobilisation.A benefit of more digitalisation for tax administrations is the ability to manage data and use analytical tools to make the best use of the data acquired.Wider international tax cooperation has provided tax administrations with access to information from country-by-country(CbC)reporting,the common reporting standard(CRS)and the exchange of tax rulings.These give tax administrations access to large volumes of data in relation to cross-border activities to facilitate risk assessment.Digitalisation can also reduce the compliance burden of taxpayers by making it easier to complete their tax obligations,helping them to integrate taxation processes into their routine business systems.Full use of technology combined with adequate governance can boost the efficiency of tax administration.The Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)can be a platform for cooperation among tax administrations to gain more efficiency.It is important for BRI tax administrations to learn from each other through sharing their knowledge and experience in the introduction of digital technology.展开更多
This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made...This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made by China’s tax authorities in cross-border interoperability,and proposes suggestions and outlook for future development.展开更多
This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)....This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).This paper exam-ines the successful experience of the joint construction of the BRI and the significant improvement of the BRITACOM,and also discusses how China could play a bigger role in further deepening BRI tax cooperation via the platform of the BRITACOM.展开更多
Implementing and complying with the requirements of the OECD/G20 Inclusive Framework’s Two-Pillar solution presents enormous practical challenges for taxpayers and tax administrations.Not least of these is a complex ...Implementing and complying with the requirements of the OECD/G20 Inclusive Framework’s Two-Pillar solution presents enormous practical challenges for taxpayers and tax administrations.Not least of these is a complex data challenge with over 120 data points needed for Pillar 2 alone.To tackle these effectively,tax administrations should work with each other,and with taxpayers,to develop a coordinated approach drawing on the concept of Cooperative compliance.Such an approach should aim to reduce the administrative burden,increase certainty,and provide a joint learning curve for tax administrations and taxpayers.Developing the right data systems and training people to work with the data will take time and need to start now;if businesses and tax administrations wait until all the rules and regulations have been finalised,it will be too late.In addition,the Pillar 2 Model Rules do not provide for a multilateral mechanism to determine and allocate the top-up tax.The Belt and Road Initiative jurisdictions could consider working together to develop a binding mechanism to allocate the top-up tax between themselves.展开更多
Building capacity in tax administrations will be key in coping with the new challenges arising from the new ways of doing business.This article discusses three topics that will require the building of new assessment a...Building capacity in tax administrations will be key in coping with the new challenges arising from the new ways of doing business.This article discusses three topics that will require the building of new assessment and tax collection capabilities within tax administrations,namely:the digital economy,cryptocurrency taxation,and environmental taxation.It proposes issues that will require further attention and consideration by tax administrations wishing to collect the rent attributed to these activities.It is contended that new capacities will have to be developed not just to handle the“new”forms of doing business,but also to generate income and to allow for a harmonized environment that facilitates and draws investment to Belt and Road Initiative jurisdictions.The transformation ought to occur while“traditional”issues in international tax administration and cooperation persist.展开更多
The fast pace of development in the international tax matters requires enhancement of tax administration capacity building.The outcomes of the Final Report of the Enhancing Tax Administration Capacity Task Force relea...The fast pace of development in the international tax matters requires enhancement of tax administration capacity building.The outcomes of the Final Report of the Enhancing Tax Administration Capacity Task Force released in September 2021 confirmed the increasing demand of the BRI jurisdictions for capacity building in international taxation.This article reflects on possible areas and approaches for capacity building enhancement.It proposes some initiatives that may be developed to help address the gaps among the BRI jurisdictions and contribute to building the capacities of their tax officials.This reflection is made with a view drawn from the experience of the Macao SAR as one of the first Belt and Road Initiative tax academies.展开更多
文摘Given the insufficiency of financial resources,all countries,particularly developing countries,must seek an adequate financial package to ensure economic growth and financing for their development.Faced with a steady decline in oil and gas revenues since 2014,Algeria has adopted a set of measures aimed at diversify-ing its economy so as to reduce its dependence on hydrocarbons,by undertaking budgetary and tax reform to support this new economic vision.These efforts have been consolidated by the establishment of an information exchange system and an international tax cooperation mechanism.Indeed,Algeria’s accession to the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)in 2019 and the Global Forum on Transparency and Exchange of Information for Tax Purposes in 2021,testifies to its desire for international cooperation for better mobilization of tax resources.
文摘The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and communications have been used by MNEs to increase the scope of their operations and create global supply chains,while tax administrations try to use limited resources to apply the tax rules.The development of digital technology within government can help tax administrations to implement the latest international tax rules and monitor taxpayer activities more completely,improving domestic resource mobilisation.A benefit of more digitalisation for tax administrations is the ability to manage data and use analytical tools to make the best use of the data acquired.Wider international tax cooperation has provided tax administrations with access to information from country-by-country(CbC)reporting,the common reporting standard(CRS)and the exchange of tax rulings.These give tax administrations access to large volumes of data in relation to cross-border activities to facilitate risk assessment.Digitalisation can also reduce the compliance burden of taxpayers by making it easier to complete their tax obligations,helping them to integrate taxation processes into their routine business systems.Full use of technology combined with adequate governance can boost the efficiency of tax administration.The Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)can be a platform for cooperation among tax administrations to gain more efficiency.It is important for BRI tax administrations to learn from each other through sharing their knowledge and experience in the introduction of digital technology.
文摘This paper delves into the national standards for e-invoices,the seamless integration of fully-digitalized e-invoices with international norms,and the digital identity system,shares the explorations and practices made by China’s tax authorities in cross-border interoperability,and proposes suggestions and outlook for future development.
文摘This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).This paper exam-ines the successful experience of the joint construction of the BRI and the significant improvement of the BRITACOM,and also discusses how China could play a bigger role in further deepening BRI tax cooperation via the platform of the BRITACOM.
文摘Implementing and complying with the requirements of the OECD/G20 Inclusive Framework’s Two-Pillar solution presents enormous practical challenges for taxpayers and tax administrations.Not least of these is a complex data challenge with over 120 data points needed for Pillar 2 alone.To tackle these effectively,tax administrations should work with each other,and with taxpayers,to develop a coordinated approach drawing on the concept of Cooperative compliance.Such an approach should aim to reduce the administrative burden,increase certainty,and provide a joint learning curve for tax administrations and taxpayers.Developing the right data systems and training people to work with the data will take time and need to start now;if businesses and tax administrations wait until all the rules and regulations have been finalised,it will be too late.In addition,the Pillar 2 Model Rules do not provide for a multilateral mechanism to determine and allocate the top-up tax.The Belt and Road Initiative jurisdictions could consider working together to develop a binding mechanism to allocate the top-up tax between themselves.
文摘Building capacity in tax administrations will be key in coping with the new challenges arising from the new ways of doing business.This article discusses three topics that will require the building of new assessment and tax collection capabilities within tax administrations,namely:the digital economy,cryptocurrency taxation,and environmental taxation.It proposes issues that will require further attention and consideration by tax administrations wishing to collect the rent attributed to these activities.It is contended that new capacities will have to be developed not just to handle the“new”forms of doing business,but also to generate income and to allow for a harmonized environment that facilitates and draws investment to Belt and Road Initiative jurisdictions.The transformation ought to occur while“traditional”issues in international tax administration and cooperation persist.
文摘The fast pace of development in the international tax matters requires enhancement of tax administration capacity building.The outcomes of the Final Report of the Enhancing Tax Administration Capacity Task Force released in September 2021 confirmed the increasing demand of the BRI jurisdictions for capacity building in international taxation.This article reflects on possible areas and approaches for capacity building enhancement.It proposes some initiatives that may be developed to help address the gaps among the BRI jurisdictions and contribute to building the capacities of their tax officials.This reflection is made with a view drawn from the experience of the Macao SAR as one of the first Belt and Road Initiative tax academies.
